Charter shakes mining industry

TRUST deficit between the mining industry and the government widened further this year following Mineral Resources Minister Mosebenzi Zwane’s gazetting of the third version of the mining charter in June.

The gap saw the industry boycotting a dinner where Zwane was to be a guest of honour during the mining indaba.

Mergers and acquisitions also featured prominently with Harmony Gold’s R4bn purchase of AngloGold Ashanti’s Moab Khotsong mine in the North West, and Sibanye Stillwater’s proposed takeover of Lonmin.

Base metal prices including iron ore recovered and saw Kumba Iron Ore soaring 128 percent on the JSE in the year to date. – Dineo Faku